Oil Sands

Surprising to many, Canada is the No. 1 oil exporter to the United States. Increasingly, these supplies come from Canada’s oil sands in northern Alberta. That province’s estimated oil sands deposits are in excess of 1.7 trillion barrels of crude bitumen. More than $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects. Venezuela and California are also heavy oil producers.

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Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

Operator okays Hangingstone SAGD project

Nov 28, 2012

The board of directors of Athabasca Oil Corp. has sanctioned the Hangingstone 1 steam-assisted gravity drainage oil sands project in the southern Athabasca region of Alberta and approved a $536 million (Can.) development budget for it (OGJ Online, Oct. 4, 2012).

Estonian shale oil complex due sulfur unit

Nov 27, 2012

Viru Keemia Grupp AS, a shale oil miner and processer in Estonia, has let contract to Jacobs Engineering Group Inc. for licensing and services for a sulfur recovery unit at its complex in Kothia-Jarve.

Syncrude lets oil sands tailings contracts

Nov 21, 2012

Syncrude Canada Ltd. has let two contracts to KBR for module fabrication and field construction of a full-scale plant for processing tailings from its oil sands mines northeast of Fort McMurray, Alta.

ASTM sees no added pipeline corrosivity from oil sands crude

Nov 20, 2012

Tests performed by ASTM International have determined that bitumen-derived crude oil is no more corrosive in transmission pipelines than other crudes.

IHS updates US oil-sands GHG comparisons

Nov 14, 2012

Fuels made wholly from Canadian oil-sands feedstocks emit 4-18% more greenhouse gases (GHGs) on a wells-to-tailpipe basis than those made from average crude oil refined in the US, according to IHS, Cambridge, Mass.

Laricina seeks single-well SAGD at Saleski

Nov 13, 2012

Laricina Energy Ltd. has amended its application for first-phase commercial development of its Saleski oil sands acreage in Alberta to use cyclic steam-assisted gravity drainage in a single horizontal well.

BLM releases scaled-back Western oil shale, tar sands proposal

Nov 9, 2012

The US Bureau of Land Management proposed an oil shale and tar sands research, development, and demonstration (RD&D) plan for land it administers in Colorado, Utah, and Wyoming. The proposal involves less acreage than one developed in 2008, and represents a significant improvement, the Natural Resources Defense Council said in response.

Risks in foreign investment

Oct 29, 2012

Many in the oil and gas financial world are watching with interest as the Canadian government reviews its requirements by which foreign investors can acquire Canadian companies, particularly when the foreign investor involves a state-owned enterprise such as Malaysia's Petronas and China's CNOOC Ltd.

Marathon Oil ponders partial sale of Athabasca oil sands stake

Oct 24, 2012

Marathon Oil Corp. is discussing a potential sale of part of its 20% outside-operated interest in the Athabasca oil sands project in Alberta, and it also is expanding its holdings in the South Texas Eagle Ford shale play through one completed acquisition and one pending acquisition.

Baytex buys oil sands acreage, plans pilot

Oct 4, 2012

Baytex Energy Corp., Calgary, plans to begin pilot thermal recovery project next year on oil sands acreage it has acquired in the Cold Lake region of northeastern Alberta.

AOC expects Hangingstone oil sands okay

Oct 4, 2012

Athabasca Oil Corp., Calgary, expects to receive approval to proceed with its Hangingstone Project 1 in situ oil sands development in the southern Athabasca region of Alberta (OGJ Online, Sept. 13, 2010).

Cenovus to acquire Oilsands Quest leases

Oct 3, 2012

Cenovus Energy Inc., Calgary, has received court approval to buy the remaining assets of Oilsands Quest, which is being restructured under the Canadian Companies’ Creditors Arrangement Act, for $10 million.

Williams to provide gas processing in Canada's oil sands

Sep 27, 2012

Williams Cos. Inc., Tulsa, has signed a gas processing agreement with a producer in the Canadian oil sands, according to a company announcement that did not name the producer. OGJ data, however, suggest it is Canadian Natural Resources Ltd., Calgary.

Connacher's Great Divide expansion okayed

Sep 26, 2012

Connacher Oil & Gas Ltd. has received approval from the Energy Resources Conservation Board of Alberta for an expansion of thermal production of bitumen from its delayed Great Divide Oil Sands acreage 70 km south of Fort McMurray.

Osum's Taiga heavy oil project approved

Sep 12, 2012

Osum Oil Sands Corp., Calgary, has received approval of its Taiga thermal heavy oil project near Bonnyville in the Cold Lake region of Alberta from the Energy Resources Conservation Board.

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